MONTREAL, May 29, 2014 /CNW Telbec/ - The Cadillac Fairview Corporation Limited is pleased to announce a $49M renovation of Les Promenades St-Bruno, aimed at providing a modern, elevated shopping experience for Montreal's South Shore residents. This investment marks phase one of a multi-phase redevelopment and property enhancement, which will be one of the largest transformations of the shopping centre since it opened its doors in 1977.
The project comprises four components:
- Interior enhancements, including new interior finishes and flooring, glass railings, and renovated washrooms
- Revitalization of Centre Court, including relocation of the elevator and replacing it with a modern glass design, making Centre Court more inviting, open and transparent
- Exterior enhancements to feature new entranceways, landscaping and signage
- Transforming the current food court into an upscale, full service dining hall with real dishware, a significantly enhanced seating environment and exciting new food options
"We are thrilled to announce this major redevelopment at Promenades St-Bruno," said Sal Iacono, Senior Vice President, Development and Portfolio Management, Eastern Canada, Cadillac Fairview. "This $49 million project will serve to reinvigorate the shopping experience for our loyal customers and provide our valued retail clients with a re-energized platform to showcase their brands in a significantly enhanced environment alongside a new, spacious and contemporary dining experience."
"We are truly excited about this news and large investment right here in our community," said Martin Murray, Mayor of St-Bruno-de-Montarville. "The redeveloped Promenades St-Bruno will be enjoyed by our residents and visitors alike, while also bringing significant economic benefits to the whole region."
Efforts to attract leading retailers to the shopping centre are well underway, with today marking the official opening of H&M, the largest H&M store on the South Shore. We are also pleased to confirm that Aritzia will be arriving at St-Bruno with a planned store opening in fall of 2015.
Allo Mon Coco will be opening later this year. Additionally, more full service restaurants with outdoor terrace seating areas will be introduced, making Promenades St-Bruno a true shopping and entertainment destination on Montreal's South Shore.
In keeping with Cadillac Fairview's national sustainability program, GREEN AT WORK™, operators of the new dining hall will serve customers using custom-designed dishware. Behind the scenes, Cadillac Fairview will operate a new scullery using energy efficient dishwashing equipment and send all organic waste to a composting facility. This will enable Cadillac Fairview to achieve a zero waste target within the dining hall.
The $49 million redevelopment is already underway and expected to be completed in fall of 2015. We look forward to announcing further enhancements in the near future.
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's largest owners, operators and developers of commercial real estate. Cadillac Fairview focuses on developing and managing high quality office, retail and mixed-use properties in Canada and the United States, as well as international investments in real estate companies and investment funds.
With a portfolio valued at more than $23 billion, Cadillac Fairview and its affiliates own and manage nearly 44 million square feet of leasable space at 75 properties across North America, including some of Canada's landmark developments, such as, Toronto Eaton Centre, Pacific Centre, Chinook Centre and the Montreal Fashion Centres (Carrefour Laval, Galeries d'Anjou, Promenades St-Bruno and Fairview Pointe Claire).
Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 307,000 active and retired teachers in Ontario.
Image with caption: "Les Promenades St-Bruno unveils $49M renovation plans (Source : Cadillac Fairview) (CNW Group/Cadillac Fairview Corporation Limited)". Image available at: http://photos.newswire.ca/images/download/20140529_C1461_PHOTO_EN_2339.jpg
Image with caption: "Les Promenades St-Bruno unveils $49M renovation plans (Source : Cadillac Fairview) (CNW Group/Cadillac Fairview Corporation Limited)". Image available at: http://photos.newswire.ca/images/download/20140529_C1461_PHOTO_EN_2340.jpg
Image with caption: "Les Promenades St-Bruno unveils $49M renovation plans (Source : Cadillac Fairview) (CNW Group/Cadillac Fairview Corporation Limited)". Image available at: http://photos.newswire.ca/images/download/20140529_C1461_PHOTO_EN_2341.jpg
SOURCE: Cadillac Fairview Corporation Limited
For further information: Media Contact: Jacinthe Figueredo, Senior Director, Hill+Knowlton Strategies, T: 514 375-2728/ M: 514 296-6616, [email protected]